Phil Wahba joined Reuters in 2008 and has covered the exchanges, equity capital markets (IPOs), corporate bankruptcies and now covers retailers such as department stores and booksellers
The office supplies giant is going after smaller companies.
The retailer says that it stands for inclusivity and equality.
The move is just the latest by a big box retailer looking to find new uses for store space at a time more shopping is moving online.
They still received nearly $14 million each.
The prepaid card will be available later this year and usable at any retail locations that accept Visa.
Mergers and Acquisitions
More than a year ago, Staples offered to buy Office Depot in a transaction then valued at about $5.5 billion, pressured by declining sales in the office supplies sector and the rise of rivals.
The acquisition is principally aimed at turning the discount Saks Off Fifth chain into an ecommerce powerhouse.
The burrito chain just can't catch a break.
The service currently has almost 41 million members, according to a new survey.
The company has been trying to rebound since the ousting of its founder and former CEO Dov Charney.
The embattled retailer warned investors could face 'substantial or total losses' of their investments.
The coffee chain denied reports that said cyber-criminals had used its mobile payments app to siphon money from its customers.
With participants including Macy's, Rite Aid and more, the coalition could shake up traditional rewards programs in the U.S.
A detailed look at Brian Cornell's new approach to a process-heavy company.
The shipping company cuts its profit forecast, blaming the cost of extra measures it took to ensure deliveries were on time during the 2014 holiday season, and hinted it would start charging retailers more.
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